Good question - tough question. There would be to
Post# of 41413
The value of the cert itself is theoretical and how quickly it is utilized would be the best amplifier for its value. In a way it is like buying an alcohol license for a bar. There is a perceived value for that license, but how you use it and where would fluctuate the value of the business itself
Then there is the remaining business side. First, I do not think the value of the 747 and it's transition to cash due to sale is effectively captured in our current valuation. Then there is the - how do we raise capital - portion. Any raise of capital will be both an asset and a liability so that washes. Then you would transfer the incoming asset for the acquired company.
I assume the value of what you are paying for the company which may be nonfunctional would be pennies on the dollar. There is potential that the assets and debt that comes with company be impacting. If they. It a company with 3 planes they would need to sell the 3 planes possibly. That would raise capital to pay down the debt or off set the purchase price of the acquisition. Given Tony's penchant for negotiating with vendors, there may be. A percieved gain in value.
I love the idea, but cautious about assuming an answer until the details are made available.
There would be an inherent gain immediately on theoretical valuation as you move the cert to a functioning company. How much all comes down to how quickly the ramp up business after the review period. The opportunity gain against the option of achieving cert in March 2018 is where this company value explodes.
I am only hesitant to throw numbers out there until then. I would love to see a year 1 proforma to really make a good case.
In any event the price rise would be significant...